Markit Completes Acquisition of Information Mosaic

Markit has completed its acquisition of Information Mosaic, a corporate actions software provider.

Information Mosaic will be integrated into Markit’s solutions division and will be led by Paul Taylor, managing director. Taylor will report to Michele Trogni, managing director and co-head of Solutions at Markit.

Information Mosaic’s existing customers include asset managers, wealth managers, sovereign wealth funds, investor services firms, global banks, custodians and exchanges.

Although financial terms were not disclosed, the transaction is not expected to have any substantial impact upon Markit’s financial results in 2015.

Markit employs roughly 200 people, most of whom are based in Dublin and New Delhi. Markit additional offices in New York, London, Kuala Lumpur and Singapore.